SILYNXCOM LTD Stock Price, News & Analysis

Silynxcom (NYSE American: SYNX), based in Netanya, Israel, announced receiving $500,000 in orders from the Israel Defense Forces (IDF) for its advanced military headset systems. This order underscores the increasing acceptance and demand for Silynxcom's tactical communication solutions, which are designed to meet the rigorous demands of modern military operations by providing high-quality audio clarity and robust communication capabilities. CEO Nir Klein attributed this growth in demand to the company's cutting-edge technology and continuous sales and marketing efforts.

Silynxcom (NYSE American: SYNX) announced its latest tactical communication system's success in the U.S. market, with multiple orders from federal and law enforcement organizations. The new In-Ear Headset system, compatible with P25 and TETRA communication systems, underscores the product’s reliability and effectiveness. This innovation provides secure, encrypted communication tailored to law enforcement needs. Silynxcom's system offers superior audio quality and seamless integration. The company aims to use its first-mover advantage to expand into the European market and broaden its footprint globally.

Silynxcom (NYSE American: SYNX), a manufacturer of tactical communication devices, announced new distribution agreements with four distributors—three in Asia and one in Europe. This expansion aims to enhance its global market presence, particularly among law enforcement and military units. CEO Nir Klein highlighted the agreements as key to their growth strategy, emphasizing the company's commitment to offering advanced communication solutions globally. The agreements include distribution of Silynxcom’s new TETRA headset system, designed for high audio quality, clarity, and secure communication, addressing the needs of TETRA-based systems.

Silynxcom has announced the acquisition of a new order for its TETRA headset system from a European police department. This milestone, achieved with the help of a trusted distributor, signifies growing demand for Silynxcom's advanced communication solutions in Europe. The TETRA headset system, designed for law enforcement's unique communication needs, offers high audio quality, clarity, and secure communication. The system includes an in-ear headset and a control box, making it reliable in critical, noisy situations. CEO Nir Klein highlighted the company's commitment to addressing market gaps and expanding its European footprint.

Silynxcom (SYNX) estimates revenue growth of over 100% for Q1 2024, with preliminary unaudited revenue at $3.525 million and cash equivalents of $4.353 million. The company attributes the success to expanded marketing efforts, increased customer base, and new innovative products. Geopolitical events have also driven demand for tactical communication solutions.

Silynxcom (NYSE American: SYNX) announced an expanded collaboration with 3M PELTOR, a global leader in over-the-ear headsets, to include the Peltor ComTac™ VIII Headset. This innovative product offers improved sound protection, design, and user application for noise-intense environments. The collaboration aims to enhance communication solutions for tactical environments, integrating Silynxcom's advanced systems with Peltor's headsets.

Silynxcom (SYNX) announced its 2023 annual results, showcasing positive cash flow and revenue growth. The company raised $5 million through an IPO, increasing year-end cash balance to $568 thousand. Operating loss was $2.8 million, with non-IFRS operating profit at $1.4 million. Net loss was $2.8 million, compared to a net income of $1.8 million in 2022. Revenues for 2023 reached $7.6 million, up 5% from the previous year, reflecting business expansion and market adoption.